Chatham Lodging Trust

CLDT remains in a Stage 2 advancing uptrend with higher highs and higher lows above rising EMAs and the 50 DMA. The mid-July Bullish Exhaustion led to a pullback that found support within the 9/21 EMA band and promptly reversed, confirming trend repair. Short-term conditions align with the medium-term bullish structure, as EMAs slope upward and RSI has normalized. The exhaustion pattern signals only a pause, not a reversal. Accordingly, we will buy now near the EMA support to capitalize on continued demand-led advance.

• ↑Q1 hotel EBITDA rose 5% with overall RevPAR +5% YoY and 23% in Silicon Valley.
• ↑Management raised guidance ~15% since February, underscoring revenue momentum.
• ↓Management forecasts RevPAR down ~2% for remainder of year, stalling revenue.